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Greece edged closer to securing a lifeline from its European creditors on Tuesday, as finance ministers met for another round of lengthy crisis talks.

Athens’ leaders fought to secure a €11bn (£8bn) disbursement from the country’s third bail-out package, money that is essential if Greece is to make the repayments owed to its creditors in the summer months.

Negotiators were locked in debate on the matter of reducing the country’s debt burden on Tuesday night, but reports suggested the new loans could be split in two tranches of €7.5bn next month and €2.8bn in September.

After more than seven hours of talks, a European diplomat told news agency AFP: "There are still some disagreements. They are...